Lucara Diamond Corp., a renowned diamond mining company with significant operations in Botswana, has announced a strategic decision to transition its listing from Nasdaq Stockholm Main Market to Nasdaq First North Growth Market. This move, approved by the company’s Board of Directors, is part of Lucara’s effort to align its market presence with its capitalization and compete effectively with peer companies.
The delisting from Nasdaq Stockholm and subsequent listing on Nasdaq First North Growth Market are expected to be finalized within 60 days. This change will not impact Lucara’s listings on the Toronto Stock Exchange (TSX) or the Botswana Stock Exchange (BSE). Botswana, home to Lucara’s flagship Karowe Diamond Mine, remains a central pillar of the company’s operations and a vital stakeholder in its global strategy.
Lucara has reassured its stakeholders of continued transparency and adherence to high reporting standards. Quarterly interim reports will still be published, in compliance with IFRS Accounting Standards, including International Accounting Standard 34. This ensures that investors, partners, and regulators remain informed of the company’s financial performance and strategic direction.
To facilitate the transition, Lucara has engaged Bergs Securities AB as its Certified Adviser. William Lamb, Lucara’s President and CEO, emphasized that the decision reflects the company’s commitment to strengthening its position in the market while advancing its ambitious underground mining project.
This development underlines Lucara’s adaptability in an evolving global market and its sustained focus on delivering value through strategic operations, particularly in Botswana, a cornerstone of its success.
